<ARTICLE> 9 <LEGEND> This schedule contains summary financial information extracted from the Form 10-Q and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000818969 <NAME> PROVIDENT BANKSHARES CORPORATION <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> 53,708 <INT-BEARING-DEPOSITS> 0 <FED-FUNDS-SOLD> 0 <TRADING-ASSETS> 0 <INVESTMENTS-HELD-FOR-SALE> 903,398 <INVESTMENTS-CARRYING> 32,109 <INVESTMENTS-MARKET> 31,729 <LOANS> 1,964,190 <ALLOWANCE> 26,878 <TOTAL-ASSETS> 3,026,895 <DEPOSITS> 1,970,690 <SHORT-TERM> 544,884 <LIABILITIES-OTHER> 30,002 <LONG-TERM> 269,581 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 9,278 <OTHER-SE> 202,460 <TOTAL-LIABILITIES-AND-EQUITY> 3,026,895 <INTEREST-LOAN> 74,852 <INTEREST-INVEST> 34,661 <INTEREST-OTHER> 0 <INTEREST-TOTAL> 109,513 <INTEREST-DEPOSIT> 36,561 <INTEREST-EXPENSE> 60,091 <INTEREST-INCOME-NET> 49,422 <LOAN-LOSSES> 2,887 <SECURITIES-GAINS> 178 <EXPENSE-OTHER> 26,429 <INCOME-PRETAX> 20,284 <INCOME-PRE-EXTRAORDINARY> 20,284 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 13,320 <EPS-PRIMARY> 1.43 <EPS-DILUTED> 1.42 <YIELD-ACTUAL> 3.58 <LOANS-NON> 4,449 <LOANS-PAST> 21,661 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 24,828 <CHARGE-OFFS> 2,061 <RECOVERIES> 1,224 <ALLOWANCE-CLOSE> 26,878 <ALLOWANCE-DOMESTIC> 26,878 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0